Hong Kong Press Union Faces Large Tax Demand, Alleges Misallocation
A Hong Kong press union is facing a HK$730,000 prepaid tax demand and has accused the tax office of misallocating public resources. This comes as another local media outlet, previously cleared of tax evasion, is now facing what it deems 'unfair' costs.
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Hong Kong media outlet cleared of tax evasion faces ‘unfair’ HK$40,000 costs
A local online media outlet has been cleared of tax evasion after a year-long review, but the process still cost HK$40,000 (US$5,106) in accounting fees, the Hong Kong Journalists Association said on Monday. Describing the case as an “unfair punishment” on media with “zero fault”, the association said it had been required to prepay HK$730,000 in taxes this year, after also coming under review by the Inland Revenue Department since November 2023. Of the eight media outlets and at least 20...
By Matthew Cheng
Read full article →Hong Kong press union faces HK$730K prepaid tax demand, accuses tax office of misallocating public resources
The Hong Kong Journalists Association (HKJA) has said it was ordered to pay HK$730,000 in provisional taxes within days and has accused the city’s tax authorities of misallocating public resources with audits on independent media. HKJA chairperson Selina Cheng held a press conference on Monday morning – ahead of an Inland Revenue Department (IRD) press […]
By James Lee
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